Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if a company issues 2,500 shares of $5 par value c

If a company issues 2,500 shares of $5 par value common stock at a market...

70.2K

Verified Solution

Question

Accounting

If a company issues 2,500 shares of $5 par value common stock at a market price of $32 per share, which of the following is the correct balance sheet effect?

Group of answer choices

Increase cash $80,000, increase common stock $12,500 and increase additional paid in capital $67,500

Increase cash $80,000, increase common stock $40,000 and increase additional paid in capital $40,000

Increase cash $80,000, increase common stock $80,000

Increase cash $80,000, increase additional paid in capital $80,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Write a truth table for the proposition: ¬(q ? r)? (¬p ? ¬r). Consider a...

Advance Math
Q

I was assigned to find at least two problems/ failures for a tv stand, and provide at...

Mechanical Engineering
Q

PROBLEM 6: Following is a pre-closing trial balance of a village's General Fund at December 31, 2019....

Accounting
Q

Maya Angelou is an American author and poet who has been called America s most...

Biology
Q

Two charges 2 C and 8 C are placed at two vertices of equilateral triangle...

Physics
Q

Solve the equation 6 cos 30 3 4 cos 30 4 for 0 an angle...

Calculus
Q

Question 4 (30 marks) a. Wellingborough Ltd is proposing to reduce the selling price of...

Accounting
Q

give me the answer and calculation process Multiple Choice Question 11 Waterway Industries sells...

Accounting
Q

Multiple-Step Income Statement Use the following information to prepare a multiple-step income statement, including the...

Accounting
Q

Required information Problem 2-72 (LO 2-4) (Algo) (The following information applies to the questions displayed...

Accounting
Q

A firm's bonds have a maturity of 10 years with a $1,000 face value, have...

Finance
Q

Global Company Data Year Ticker 1 Key Data Date Fiscal Symbol 2 116104 20180131 2017...

Accounting